Data Storage Maker EMC Buys Isilon for $2.25 Bil.
By wchung | 25 Mar, 2026
The data storage company EMC says it has agreed to buy Isilon for $2.25 billion in cash.
It is offering $33.85 per share for the Seattle-based company, a 29 percent premium over Isilon Systems Inc.‘s previous closing share price of $26.29.
EMC Corp. says Isilon will expand the breadth of products it can offer customers for storing big amounts of data involved in applications such as gene sequencing and streaming online video.
It says the boards of both companies have approved the deal and it expects to close the acquisition by year-end.
Isilon shares surged 18 percent in premarket trading after the New York Post first reported the deal.
HOPKINTON, Mass. (AP)
Articles
- SK Hynix Files for US Listing to Raise Up to $14 Billion
- NASA to Spend $20 Billion on Moon Base, Cancel Lunar Orbit Station
- Humphrey Yang Simplifies Wealth Building for the TikTok Generation
- Pakistan Offers to Host Actual Peace Talks—IRL
- Mandopop Legend Jay Chou to Release First Album in 4 Years
- Japan's Cherry Blossom Picnics Pinched by 25% Food Inflation Since 2020
- SK Hynix Places Record $8 Billion Order for ASML EUV Lithography Tools
- TSMC Capacity a Major Bottleneck for AI Buildout Says Broadcom
- BTS Army to Bring $5.3 Billion Spending Power to a City Near You
- Zoox to Expand Robotaxi Service into San Francisco and Las Vegas